By Robb M. Stewart
PrairieSky Royalty said Tuesday it received Toronto Stock Exchange approval to buy back up to 10% of its public float over a one-year period.
The Toronto Stock Exchange accepted notice of the Canadian royalty-focused petroleum and natural gas company’s plans to renew a normal course issuer bid, which could allow the repurchase of up to 16.6 million shares.
PrairieSky didn’t buy back any shares under its recent normal course issuer bid, which ran through Thursday.
The company’s shares last closed at C$23.23, up 7.1% so far this year and 22% over the last 12 months.
Write to Robb M. Stewart at robb.stewart@wsj.com
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